From the imminent ETF to the departure of the whales; What is a DOGE?

Study time: 2 Minutes

Rumors of the Dodge Dodge (DOGE) and the announcement of Rex Shares have been drawn to the market with the imminent launch of the Dodgekin ETF.

This will be the first ETF, and Etf Bloomberg analyst Eric Balchanas has announced that Rex seems to be ready to launch its Dodgekin ETF until early next week.

Despite this news, there are concerns about whales. In the past nine hours, whales that had between 2 and 5 million DOGEs have sold about 2 million doodic.

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Currently, the price of the Dodge Quinn is traveling between $ 1.2 and $ 2.9. After touching the floor of this range, Dodgekin is on the way to the roof. Technical analysts warn that the major price movement will only occur if the Dodge can exit this consolidation range.

The key levels for investors are now: The fracture ceiling of the stabilization can lead to a 5 % increase and price to $ 2.9, while crossing the floor increases the likelihood of a 5 % reduction to $ 2.9.

Technical indicators also provide different signals. The Superrtrand Index is above the price and shows the downward pressure, but the RSI index remained at the level of 1.5, indicating a relative balance between buyers and sellers.